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precision · shipping · also positive predictive value, PPV

Precision

Precision is the fraction of positive predictions that match observed positive outcomes at a specified decision threshold.

Related Observatory article: Precision on hesela.com

For binary failure prediction, precision = TP / (TP + FP), where TP counts correct positive predictions and FP counts false positives. Its denominator is alerts, not healthy observations. It is undefined when no positives are predicted; report any software convention used for that case. [1] A different failure prevalence can change precision even when recall and false positive rate stay fixed. [2]

Relations

related
recall, false-positive-rate, class-prevalence, average-precision, smart

Limitations

Citations

  1. scikit-learn: precision_score; binary precision and zero-division behavior. (accessed 2026-10-12)
  2. Saito and Rehmsmeier. The Precision-Recall Plot Is More Informative than the ROC Plot When Evaluating Binary Classifiers on Imbalanced Datasets. PLOS ONE 10(3): e0118432 (2015). (accessed 2026-10-12)
  3. Hesela: disk failure prediction, metric denominators and a synthetic alert-count example. (accessed 2026-10-12)

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